Business Services Industry
Brazil: Lego phases out Brazilian unit.
South American Business Information, December, 2000
Lego Brasil is to phase out its plant in the country. The company had phased out its Manaus-based unit three years ago. Lego started importing its products but the import tax of 28% plus 10% of excise tax harmed its business. The company is currently seeking for a dealer in Brazil aiming to keep its 3% stake in the market. Lego is also phasing out its Argentinean and Chilean units.
Copyright (c) 2000, SABI, all rights reserved.
Source: Valor Economico Page: B8 Date: December 20, 2000 Country: Brazil Product: Toys Company: Lego Event: Business Failures; Strategy and Planning SABI (South American Business Information)
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